Bloomberg Projects Nigeria Among Top 20 Economies By 2030

According to Bloomberg report on new world economic order, Nigeria’s economy has been forecast to be amongst top 20 largest in the world by 2030.

Nigeria is the only African country on the forecast report, ranked 19th, just above Netherlands, which is 20th.

Though the forecast falls below the 2020 projected by the Federal Government under former President, Olusegun Obasanjo to arrive at the top 20, this is the first time such report is projecting Nigeria in the top global economies.

Recent global economy reports have placed Nigeria as one of the fastest growing economy in the world, a report which tallied with 2014 rebased gross domestic product, GDP, figures placing Nigeria as the largest economy in Africa, pushing South Africa to second position.

The Bloomberg report was derived largely from Economic Research Services, ERS, the United States international economic development research agency’s latest global economic research report.

The ERS International Macroeconomic Data Set provides historical and projected data for 189 countries that account for more than 99 percent of the world economy.